Gold prices found a strong foothold in early April after a sharp decline, as they bounced off the 50-week simple moving average. What followed was a dramatic turnaround — the largest three-day rally in gold’s history, with prices surging by $260 over just three sessions. This rebound was largely driven by renewed demand for safe-haven assets amid escalating concerns over trade tensions between the United States and China. Compounding the rally was a sharp slide in the US dollar. The US Dollar Index (DXY), which had started the week near 103, tumbled to around 99 before closing the week near 100 — its lowest level in almost three years.
btc-usd
Forex Signals April 15: Tariff Talk Keeps Stock Markets and Gold Buyers on Standby
Skerdian Meta•Tuesday, April 15, 2025•3 min read
Markets showed mixed signals to tariff talk yesterday, and will likely continue the volatility today, especially stocks and Gold traders.
Markets began the week on a strong note following weekend remarks from former President Trump that included a proposal for lower tariffs on Chinese electronics and a push for tariff exemptions aimed at helping U.S. automakers relocate their operations domestically. These comments buoyed investor sentiment, sending the major U.S. indices higher by the end of Monday’s trading session.
The Nasdaq rose by 0.64%, the S&P 500 added 0.79%, and the Dow Jones Industrial Average gained 0.78%, reflecting broad optimism, especially within sectors directly impacted by the tariff announcements. Automakers saw notable relief, with Stellantis surging 5.81%, Ford climbing 4%, and General Motors advancing 3.44%, all supported by the notion that tariff flexibility could ease transition costs as they shift operations back to U.S. soil.
While U.S. equities performed well, European stock markets actually outpaced them for the day. Germany’s DAX jumped 2.85%, France’s CAC rose 2.37%, the UK’s FTSE 100 gained 2.14%, Spain’s Ibex climbed 2.64%, and Italy’s FTSE MIB rallied 2.80%, reflecting improved sentiment across global markets tied to easing trade friction.
However, not all sectors joined in the rally. Some large-cap tech names faltered despite the broader market strength. Amazon dropped 1.48%, Broadcom slipped 1.97%, and Nvidia declined slightly by 0.20%. This divergence underscored a market that, while climbing overall, lacked the full breadth often seen in more robust bull runs.
In commodities, crude oil prices remained steady, consolidating in the $2 range around $60 per barrel. Gold prices hit a new intraday high in early trading but pulled back modestly by the close. Meanwhile, U.S. Treasury yields eased, with the 10-year note yield falling from 4.48% to 4.37%, signaling ongoing demand for safe-haven assets. The U.S. dollar remained choppy throughout the session, fluctuating on trade-related headlines but ending the day with little overall change.
Today’s Upcoming Forex Events
Once again the main driver for financial markets today will be the tariff talk and how markets react to it. One thing is for certain, that trading will remain interesting.
Last week markets were crazy, with Gold surging $250 in the last three days, EUR/USD surging 5 cents while stock markets opening lower then reversing higher. The moves were massive and volatility immense, so we opened 40 trading signals in total, closing the week with 25 winning signals and 15 losing ones.
Gold Reaches Another Record High Close to $3,200
XAU/USD – Daily Chart
EUR/USD Breaking Above Resistance
The euro benefited significantly from the weakening dollar. The EUR/USD pair, which had turned bullish back in February around the 1.02 mark, accelerated its advance last week. After US trade tariffs were temporarily paused for 90 days, the pair surged nearly six cents, nearing 1.15 and decisively breaking through the 200-week simple moving average — a resistance zone that had held for months.
EUR/USD – Weekly Chart
Cryptocurrency Update
MAs Keep Pushing BTC Highs Lower
The cryptocurrency market experienced similarly dramatic price swings, echoing the volatility in traditional assets. Bitcoin, which had jumped $5,000 the previous week on signs of a more dovish Federal Reserve, saw a sharp pullback below $75,000 after falling beneath its 200-day moving average. Yet, sentiment quickly turned again following comments from former President Trump, which rekindled risk appetite. Bitcoin rebounded powerfully, climbing $8,000 to rise above the $80,000 mark. Buyers also returned in force when prices dipped to the 50-day simple moving average, helping to stabilize the uptrend.
BTC/USD – Daily chart
Ripple XRP Finds Resistance at the 50 Daily SMA
Among digital assets, Ripple (XRP) stood out for its relative resilience. Even as the broader crypto market retreated, XRP repeatedly found support near its 200-day moving average and key psychological levels such as $2.20, $2.00, and $1.80. These levels attracted strong buying interest, suggesting solid underlying demand despite broader market turbulence.
By midweek, financial markets mounted one of their most powerful rallies in recent months, and cryptocurrencies followed suit. Ripple led the charge again, reclaiming the $2 mark and reinforcing investor optimism heading into the next phase of market consolidation.
XRP/USD – Daily Chart
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Skerdian Meta
Lead Analyst
Skerdian Meta Lead Analyst.
Skerdian is a professional Forex trader and a market analyst. He has been actively engaged in market analysis for the past 11 years. Before becoming our head analyst, Skerdian served as a trader and market analyst in Saxo Bank's local branch, Aksioner. Skerdian specialized in experimenting with developing models and hands-on trading. Skerdian has a masters degree in finance and investment.
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